According to Section 196 of Companies Act, 2013 Managing Director of all companies can be appointed only for a term of five years. Earlier this [provision was not applicable to private companies. in that case the period of managing director for five years will counted from 1 April 2014 ( Applicability of THIS SECTION) or before that ?

In case of our company MD was appointed in year 1984 and his term was not fixed as it was as per discretion of BOD. Now as section 196 of CA 2013 has now become applicable for private companies we can appoint MD only for five years. Shall we have to pass a Board resolution stating his term for five years starting from 1 April 2014 or will it be counted earlier from 1st April 2013. Please guide.

Dear Friends
Plz solve my some Problems

1. Building Repair/maintance/advertisment/generator on rent/ all these are consider services

2. If all these are consider services then upto 10,00,000 Rs. they are not liable to registration under service tax..

3. but if they provided services of Rs. 1150000/- they will entitled some abatement in some cases due to supply of material

eg. 1150000-37% (abatement) =724500

for the calculation of Rs. 10,00,000 what amount will be consider 724500 or 1100000

Hi...
I am working in a organization where service tax paid after the due date but the return has been filed before due date.... Will it be disallowed if it is paid after due date ????

Dear All,
I would like to know that I am a salaried person and my salary is below income tax criteria, Can I file the ITR

Sir,
I want to know that my company is paying salary of Rs200000/-P.m to a director from F.Y 2014-2015, In which section TDS will be deducted and rate of TDS and any other related matter to be consider in this regards.

Please help me out.
Thanks.

Is rebate of Rs.2000.00 is continued for below 5 lacs Income or withdrawn by July 2014 budget after increasing tax limit from 2 lacs to 2.5 lacs & given tax relief only Rs.3000.00+ cess ( tax relief 5000.00+ cess on 50 thousand Less rebate u/s 87A 2000.00= net benefit Rs.3000.00 +cess) .

Please clear experts
Also please let us know that except increase limit of 80C & interest on Housing Loan any other changes eg.conveyance of Rs.800.00 per month etc. or not

Finance Bill 2014 provides that CSR spending u/s 135 of companies act, 2013 will not deductible under section 37(1) of Income Tax Act,1961.

And my query is this if this is not deductible u/s section 37(1) then what will be its accounting and tax treatment?

We utilised cenvat credit of BED & Additional duty on custom on input which invoice raised by second stage dealer. This input rejected by our QC for quality parameters so we want to send back the material, please guide us how do we reverse the above credit. Shall we release our sales invoice with mentioning BED and ADC & VAT? Also how shall we show this transaction in excise return ER1?

Friends,

Please guide me regarding IPCC coaching classes for both groups to be held in DELHI..........

I will be thankful to u for ur guidance ..... Mohit

Sir , i am actually confused about my career. i wish to pursue CA but i already have gap in my studies while doing inter . i qualified CPT but waited to complete my B.com then pursued my IPCC but i lost my father in between and financial problem came as a barrier .so i did my M.com for two years . i have got offer from a bank as a probationery clerk . but at the same time i wish to continue CA also . so i just want to know if i make CA as a choice will i be able to get a good job just like the freshers doing CA ccourse. or should i go to banking sector. just guide me the decision that i take today is crucial please help i am very confused